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CNBC
Dec 26, 2012 3:00pm EST
today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would pass. the problem for him it would probably pass with mostly democrat vote, but i think it could get through the senate. that's the only scenario i see by which we avoid going over the cliff. >> wait a minute. >> at least temporarily. >> wait a minute, jared. john boehner said it's up to the president and harry reid so are both sides standing at the precipice waiting for each other to make the next move. >> not really. it really is all up to john boehner to decide whether he wants to bring this vote to the house floor. if he doesn't, i would put on either your cliff bungee cord or your cliff parachute and that's actually an
CNBC
Dec 28, 2012 3:00pm EST
meeting and vice president biden is also there as well. we have a whole committee gathering at the white house. >> heavyweights. >> these are the most actively traded stocks at the new york stock exchange right now. stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll b
CNBC
Dec 27, 2012 3:00pm EST
contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really changed in sentiment over the last week, mandy. last week everybody was talking about having this deal baked into the bryce price. now all of a sudden, as if some miracles happened, traders are actually talking about buying more puts and putting on more hedges. i can tell investors out there that it doesn't matter if december 31st we have a deal or if it goes a few weeks in january. all we need to know sunday night, monday morning is that they are working on a deal, and they are still at table. outside of that everything is just noise. >> jared, you know washington very, very well. we've been trying to read the tea leaves today. harry reid
FOX Business
Dec 31, 2012 3:00pm EST
republican leader has been negotiating with vice-president biden to get this thing done, get a from work done behalf of the president. >> it seems that those two were getting some action done. >> this is the way it has worked with these last minute deals, the debt ceiling and others. longtime friends. they knew each other obviously in the senate. more than 20 years. and so he said yesterday he could not get anything done with the democratic leader harry reid and needed to find a willing dance partner. he said he was going to call joe biden. that was about 24 hours ago. liz: right now the markets are very close to session highs with the belief that something is going to happen. we take it right now to the rotunda where rich edson has been all day long sinking his nails into lawmakers. tell us to you have, what you're talking about, what you were hearing. >> this is the framework of the deal they're discussing right now. as just detailed, the automatic spending cuts, that is the outstanding issue. this is what they locked up. end, rates of $400,000 per year, 450,000 tamales and from tax increas
CNBC
Dec 31, 2012 4:00pm EST
biden to come to capitol hill to sell the deal to democratic lawmakers. what do you make of that headline? >> i know the republicans are going to meet at 4:30 this afternoon. all the republicans in the senate to go over the proposal. it sounds like the democrats are as well. but the democrats have been very divided over the level for raising taxes, over how to tax small businesses which are the job makers in this country, as well as the death tax which hits so many small businesses and farms and ranches and job creators. so the democrats are divided. we're going to meet at 4:30 to go over the specifics of the agreement to see if it's something that we will vote for. >> how are you on the republican side? are you divided on this tax issue they've agreed apparently to an income tax increase to 39.6% on individuals making $400,000 and $450,000 for couples. >> we're united in wanting to make sure any increase in tax revenue specifically goes to dealing with the debt and the deficit and is not used on additional programs. i mean, the president seems to underplay the magnitude of the m
CNBC
Dec 27, 2012 4:00pm EST
president biden and cantor. cantor walked out of those meetings. he's the majority leader in the house. the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues, and a week before they would report by virtue of statute i get a letter signed by every republican too, bad about the super committee, we're not going to do anything with revenues, so this is not a capsule of a couple of days. this has been going on for years. they cannot cross over the threshold that has been built by grover for vist. people who are rich who make a lot of money, her not opposing raising taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. any time bhth speaker and the republican leader come to the president and say we've got a deal for you. the president's door is always own, and mine is, too. >> the senate is back in session today and a lot of looking backwards, not necessarily looking forwards. certainly not so concise recap of ha
Search Results 0 to 5 of about 6